This week, we are coming back to our ESG Development Heatmap updates, this time focused on the Transportation sector in Mexico. As usual, we only focused on (1) companies listed in the Mexican stock exchanges and (2) publicly disclosed materials.
Source: Publicly available company materials.
- The creation and implementation of ASUR’s Sustainability Committee has been approved and will come into effect in 2023-2024.
- Fundación Grupo México is a signatory of the UNGC.
What can we read from this heatmap?
- This year, Aeroméxico, Grupo Aeroportuario del Pacífico (GAP), Grupo México Transportes (GMXT) and Volaris updated their materiality analyses.
- GAP and Grupo Mexico became the first companies in the sector to present KPIs, and targets for those KPIs, covering all their material topics.
- Although it still needs to be detailed and formalized, ASUR began its efforts to align with the TCFD framework. Currently, three companies in the sector already share an analysis under this framework.
- ASUR began to report SASB indicators, which means that 63% of the sector now does so.
- This year, Traxión externally verified its integrated annual report for the first time, joining GMXT in implementing this best practice.
This year we saw a good effort by companies in the sector to update and maintain their ESG efforts. We see this as positive and natural, given that it is a sector that is very exposed to climate change. There are some companies in this sector that still have significant areas of opportunity to improve their ESG performance.
I hope you found this interesting. As usual, if there is anything we can help you with, or if there is an ESG topic you would like to know more about, please let us know.
CEO, Miranda ESG
Contacts at Miranda Partners